This entry treats self-storage at capital scale: deploying significant capital into storage facility development, acquisition, and portfolio aggregation, often through funds or large operating platforms, to earn returns from the storage income and the increased value of the portfolio.
Log in to followSomeone I trust forwarded me a deck for a self-storage fund. Minimum is $50k, which is most of what I have set aside, so I want to understand it before I do anything. The fees I c…
Reading the LPA and PPM on a $180m storage aggregation vehicle. Stated plan is 22 to 26 facilities across three secondary metros, roughly 60/40 acquisition to development, five ye…
The sponsor is a storage operator I've never worked with. Three ground-up facilities, all climate controlled, roughly 78,000 net rentable square feet each. Total cost $41M, constr…
Been building this model for a month and I want to write down where it landed before I talk myself out of it. Direct path. Two existing facilities in the same secondary market, 62…
Sixteen facilities, aggregation strategy, I'm four quarters in as an LP. Latest report: Same-store revenue down 1.8% year over year. Physical occupancy 89.4%, was 91.2%. In-place…
I own six acres on a state highway just outside a town of about 19,000. Bought it three years ago to hold. Zoned commercial, water and power at the road, sewer is not, there's a s…
Platform I've been an LP in since 2021 just closed a portfolio refi. 14 of the 19 facilities went into a single loan, $118M, they're calling it about 62% of appraised value. Cash-…
Working through a $75m storage fund, first close done, second close is the one I'd be in. Blind pool apart from two seed assets. The model shows a weighted average going-in cap of…
This came to me through a manager I've done small jobs for. A platform is aggregating storage in two states, 19 facilities under contract or owned, targeting around 30 by the end…
Sold the commercial half of my service business in the spring and I've got $150k sitting in a money market while I figure out what it's for. Storage keeps coming up in conversatio…